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"Laissez Faire is French" is an article by Kevin Williamson published in National Review magazine. See NationalReview.com.

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review by Joy_Schwabach. April 17, 2009

Best Summary of the Current Crisis

This article offers a European critique of the current economic crisis in the U.S. Europeans point out that U.S. monetary authorities kept interest rates too low for too long because inflation showed up in the one place we are delighted with it: in our home prices. Or as Williamson puts it: "If the price of gasoline doubles, there's a whole Wagner opera of angst. But housing prices doubled between January 2000 and November 2005, and then climbed another 13 percent … more

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